JPMorgan Chase & Co. Purchases 689,741 Shares of American Homes 4 Rent (NYSE:AMH)

JPMorgan Chase & Co. boosted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,805,224 shares of the real estate investment trust's stock after purchasing an additional 689,741 shares during the period. JPMorgan Chase & Co. owned about 3.74% of American Homes 4 Rent worth $516,591,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Atria Investments Inc increased its position in American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after acquiring an additional 316 shares during the last quarter. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after buying an additional 392 shares during the last quarter. State of Michigan Retirement System grew its position in shares of American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after acquiring an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in American Homes 4 Rent by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after acquiring an additional 438 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.7 %

Shares of AMH stock traded down $0.28 on Thursday, reaching $37.56. 365,005 shares of the company's stock were exchanged, compared to its average volume of 2,400,914. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company's fifty day simple moving average is $35.82 and its 200 day simple moving average is $36.84. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The stock has a market capitalization of $13.90 billion, a PE ratio of 34.78, a P/E/G ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. American Homes 4 Rent's payout ratio is presently 111.11%.

Analysts Set New Price Targets

Several brokerages have recently commented on AMH. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective on the stock. in a research report on Thursday, January 23rd. Royal Bank of Canada lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, JMP Securities reiterated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of "Hold" and an average price target of $40.23.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.